MIL-OSI Banking: Banks
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: Banks In preparation for Brexit, BaFin signed a Memorandum of Understanding (MoU) with the British regulators Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) on April 15, 2019. The agreement is based on a model MoU developed by the European Banking Authority (EBA) in collaboration with the European Central […]
Read More →MIL-OSI Banking: Orion Service EOOD/ WISEBANC.COM: BaFin prohibits unauthorised deposit business and orders winding-up.
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: Orion Service EOOD/ WISEBANC.COM: BaFin prohibits unauthorised deposit business and orders winding-up. By doing so, Orion Service EOOD is conducting deposit business within the meaning of section 1 (1) sentence 2 no. 1 of the KWG without the required authorisation from the Federal Financial Supervisory Authority (Bundesanstalt für Finanz-dienstleistungsaufsicht – […]
Read More →MIL-OSI Banking: Ming Le Sports AG: BaFin imposes administrative fines
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: Ming Le Sports AG: BaFin imposes administrative fines The sanction related to a breach by Ming Le Sports AG of section 37v (1) sentence 2 old version of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) old version (o.v.). Ming Le Sports AG had failed to publish an announcement, stating […]
Read More →MIL-OSI Banking: Proportionality in insurance supervision
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: Proportionality in insurance supervision Since the implementation of the European supervisory regime Solvency II in 2016 and the transposition of the Directive on the activities and supervision of institutions for occupational retirement provision (IORP II) into national law, the proportionality principle (see info box “Principle of proportionality”) has played a […]
Read More →MIL-OSI Banking: Brexit deadline extended to October
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: Brexit deadline extended to October BaFin will continue to follow the negotiations closely and, as before, will provide updated information regarding Brexit on its website as necessary. For the event that the United Kingdom leaves the European Union without first concluding a withdrawal agreement, the German legislature has given BaFin, […]
Read More →MIL-OSI Banking: MARNA Beteiligungen AG: BaFin imposes administrative fine
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: MARNA Beteiligungen AG: BaFin imposes administrative fine The sanction related to a breach of section 37w (1) sentence 1 in conjunction with section 37y number 2 of the German Securities Trading Act (Wertpapierhandelsgesetz – WpHG) old version. MARNA Beteiligungen AG had failed to make its consolidated half-yearly financial report for […]
Read More →MIL-OSI Banking: Investfinans AB: BaFin orders the cessation and winding-up of deposit business
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: Investfinans AB: BaFin orders the cessation and winding-up of deposit business Investfinans AB operates the website www.investfinansab.eu and in this context accepts funds from others as deposits or other unconditionally repayable funds from the public. The company is thereby conducting deposit business without the required authorisation from BaFin. By law, […]
Read More →MIL-OSI Banking: Acatis Investment/Acatis Investition: risk of confusion with the authorised company Acatis Investment Kapitalverwaltungsgesellschaft mbH
Source: Bundesanstalt für Finanzdienstleistungsaufsicht Headline: Acatis Investment/Acatis Investition: risk of confusion with the authorised company Acatis Investment Kapitalverwaltungsgesellschaft mbH A company operating under the names Acatis Investment/Acatis Investition is falsely claiming that it has been granted authorisation by BaFin. The company is using the business data of the company Acatis Investment Kapitalverwaltungsgesellschaft mbH and is […]
Read More →MIL-OSI Translation: Capital FXG Ltd.: BaFin says under the support of the cross-border equity trading in the Nordic Pearl Ltd.
Source: Federal Institute for financial services, power consumption, visual BaFin with 4. December 2018 (publicly delivered on the 29. March 2019) in respect of the Capital FXG Ltd, address unknown, the arranged immediate cessation of activities by the company in the illegal transactions of the Nordic Pearl Ltd. is included. EDITOR’S NOTE: This article is […]
Read More →MIL-OSI Translation: Grand Services Ltd.: BaFin, with the assistance of cross-border equity trading in the Nordic Pearl Ltd says
Source: Federal Institute for financial services, power consumption, visual BaFin with 4. December 2018 (publicly delivered on the 29. March 2019) compared to the Grand Services Ltd, address unknown, the arranged immediate cessation of activities by the company in the illegal transactions of the Nordic Pearl Ltd. is included. EDITOR’S NOTE: This article is a […]
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